$875,000
 $4,697 est/mo Sourced by Back At You

21691/693 Indian Bayou Dr,FORT MYERS BEACH, FL 33931

FORT MYERS BEACH, FL 33931

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Description

Discover a rare opportunity to own a waterfront duplex in the desirable Flamingo Lakes neighborhood of Fort Myers Beach, offering weekly rental potential and convenient walking access to the beach. This versatile property offers an exceptional combination of investment potential, waterfront living, and flexibility in one of Southwest Florida's most sought-after destinations. The property features two separate units, each offering 2 bedrooms, 1 bathroom, a full kitchen, and comfortable living spaces. Whether you're looking to maximize rental income by operating both units as vacation rentals, live in one unit while generating income from the other, or enjoy the entire property as your own waterfront retreat, the possibilities are endless. Enjoy the peaceful waterfront setting from the back deck, where you can relax in the enclosed lanai or step out into the open-air area to soak up the Florida sunshine. Take in the beautiful lake views and the soothing sound of the water fountain, creating the perfect setting to unwind after a day at the beach. One of the property's biggest attractions for vacation renters is its convenient proximity to beach access, just an approximate 3-4 minute stroll away. Even better, the beach access features a roll-out accessibility mat, making the beach more accessible for guests with mobility needs. Enjoy the appeal of waterfront living in the established Indian Bayou community, conveniently located just minutes from local restaurants, shopping, entertainment, and everything Fort Myers Beach has to offer. With its desirable location, duplex configuration, walkable beach access, and weekly rental potential, this property presents an opportunity that is increasingly hard to find in the Fort Myers Beach market. Whether you're an investor, vacation rental owner, or looking for a property that offers both lifestyle and income potential, don't miss your opportunity to own this unique waterfront duplex!

Details

MLS #2026033476
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year1984
Days On Site98
Listing Provided BySun Palace Realty | Michael Drake

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,792
Units2
ZoningTFC2
Acreage0.37
Water FrontYes

Interior

Rooms Total0
Cooling Yes / NoYes
CoolingCeiling Fan(s), Central Electric
Heating Yes / NoYes
HeatingCentral Electric
Fireplace Yes / NoNo

Exterior

RoofMetal
Construction MaterialsConcrete Block, Stucco, Wood Siding
Foundation DetailsConcrete Block
Lot FeaturesAcross From Beach Access
Patio And Porch FeaturesDeck

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount8532.68
Tax Block2600
Tax Legal DescriptionFLAMINGO LAKES PB 34 PG 53 LOT 11
Tax Year2025

Area Information

StateFL
CountyLee
CityFORT MYERS BEACH
Zip Code33931
AreaFLAMINGO LAKES
Community NameFLAMINGO LAKES
Listing VS Median (in FLAMINGO LAKES)
Price:
$875,000
low | high
Med:
$1,037,000
31.485714285714% of Average
sqft:
1,792
low | high
Med:
2,820
7.366071428571% of Average
$ / sqft:
$488
low | high
Med:
$400
68.093139293139% of Average
On site:
98
low | high
Med:
77.5
100% of Average
Sourced by Back At You

Market Activity 33931

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Learn More About This Property

StateFL
CountyLee
CityFORT MYERS BEACH
Zip Code33931
AreaFLAMINGO LAKES
Community NameFLAMINGO LAKES
Listing VS Median (in FLAMINGO LAKES)
Price:
$875,000
low | high
Med:
$1,037,000
31.485714285714% of Average
sqft:
1,792
low | high
Med:
2,820
7.366071428571% of Average
$ / sqft:
$488
low | high
Med:
$400
68.093139293139% of Average
On site:
98
low | high
Med:
77.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $656K - $1.093M
sqft: 1,000 - 2,000
Listing Updated: November 11, 2026 at 9:00:28 AM PST